CURRENT AFFAIRS

Detailed explanation-1: -China-Pakistan Economic Corridor is a framework of regional connectivity. CPEC will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, Central Asian Republic, and the region.

Detailed explanation-2: -CPEC is at least 15 year long term project to be completed in phases. Our development goal is to have balance regional development in phases. The US $ 46 Billion is a broad commitment of investment and concessional loans have been principally committed by China in the early harvest phase.

Detailed explanation-3: -Current Status: Operational Project Completed on 30th September 2022.

Detailed explanation-4: – Two major CPEC transportation projects have been inaugurated or are currently under construction - 118km KKH Phase-II (Havelian-Thakot section) and 392km Peshawar-Karachi Motorway (Sukkur-Multan section) which was completed and inaugurated in November 2019.

Detailed explanation-5: -China-Pakistan Economic Corridor is a flagship project of President Xi Jinping’s vision of Belt and Road Initiative. The pilot project is the epitome of bolstered bilateral partnership between China and Pakistan that has been tested by times of difficulty and forged by mutual trust.